Planning to withhold billions in payments if that you does not play ball on trade. Itare waiting for the latest is bce earnings under the outgoing ceo. We will bring you the numbers and analysis, this hour. Ael signs a gas as port export deal with egypt. It is 8 00 a. M. Across the emirates and 4 00 a. M. In london. I am yousef gamal eldin in dubai. China has yet to come back online, but again, asian equities taking their cues from what was a slightly weaker lets run you through the Key Highlights in these markets. Gmm is the key function on your bloomberg. Linesleins being de being led by the japanese nikkei. Profittaking hitting electronics and automakers specifically and weakness coming through here. The philippines and south korea. Were looking at a backdrop here of a slightly stronger u. S. Dollar playing out in the Foreign Exchange column, the. 2 5 index short of higher. A bit of downward pressure on the norwegian krone. 1 at 62. 29 per barrel. Opecore comments from the secretary
Welcome to countdown. Onat a 6 00 a. M. In london this wednesday morning. Today was a day of commemoration in Hong Kong Thomas at least for the beijingbacked authority to the 65th anniversary for the peoples republic of china. Demonstrations against chinas influence in the city continues. They call for the citys chief executive to resign and a successor to be democratically elected. They spend another night on the street undeterred by both thunderstorms and statement from authorities saying their demands wont be met. For more, we go live to one of the protest sites in hong kong shari isoomberg news standing by. Whats the mood like there today . Right now, it feels a bit relaxed. People are resting under their umbrellas. This is being called the umbrella revolution. Last night protecting them from the rain and today the sweltering sun. The mood is pretty relaxed at the moment. They are gearing up for a long day and it looks as though it is organized but there is a system. People have be
Deportations. We are also tracking chinas decision to cut Interest Rates since 2012] in. Good afternoon. They have tried to revive the economy through targeted monetary injunctions before. They cut the benchmark lending rate by 40 basis points, and the deposit rate by 25 basis points. Deposit rate ceiling was increased to 1. 2 times the benchmark deposit rate. The way you would interpret this as they are reducing the cost of credit, but not necessarily increasing the amount of credit available to the economy. The move is in response to the weakness in the Economic Growth. China is headed for its lowest fullyear growth since 1990. The government this year is targeting 7 . See pmit we had the hsb figures, which missed estimates. In many ways, that was the straw that broke the camels back. You add that to the problems in october, the second weakest Factory Production is 2009, and machine investment that expect since expanded the lease 2001, the biggest jump in bad loans and nine years, ho
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